Abstract
The following article presents a brief literature review conducted to extend our knowledge of what Industry 4.0 means and its impact on business models. Based on the results of the research three challenges related to the digital transformation of the companies are suggested such as: a service-oriented approach, a network-oriented approach and a user-driven approach. Furthermore, the implications on Business Model Innovation based on the identified issues are presented. As a result, four different ways to innovate in business models based on different degrees of innovation are proposed to embrace digital transformation.
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Acknowledgements
We would like to thank the Basque Government and InterregPOCTEFA for their support in the development of TRANSFERINN project, as well as to all participating agents.
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Ibarra, D., Igartua, J.I., Ganzarain, J. (2019). Business Model Innovation from a Technology Perspective: A Review. In: Ortiz, Á., Andrés Romano, C., Poler, R., García-Sabater, JP. (eds) Engineering Digital Transformation. Lecture Notes in Management and Industrial Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-96005-0_5
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DOI: https://doi.org/10.1007/978-3-319-96005-0_5
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